Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 95 - INDUSTRY COMPETITIVENESS FUND
Section 123-095-0035 - Award Requirements
Current through Register Vol. 63, No. 9, September 1, 2024
A Project which is financed through an Industry Competitiveness Fund grant must meet the following criteria:
(1) Individual businesses in the Traded Sector Industry(ies) must be involved in planning the Project or Department must determine that the nature of the Project results in this involvement being unfeasible or in some other manner not applicable;
(2) The grant from the Industry Competitiveness Fund must not represent more than 50% of the total cash cost of the Project;
(3) Private sector funds used to cover cash expenses for the Project must be at least equal to the amount of the grant from the Industry Competitiveness Fund;
(4) Compliance with this division of administrative rule and ORS 285B.286 and 285B.290 does not entitle a Project to a grant from the Industry Competitiveness Fund.
Stat. Auth.: ORS 285A.075
Stats. Implemented: ORS 285B.286 & 285B.290
